4 FINANCIAL RISK MANAGEMENT (CONTINUED) (c) Fair value estimation (continued) (iii) Financial instruments in Level 3 The following table present the changes in recurring Level 3 financial instruments during the financial year: Group 2024 2023 RM’000 RM’000 LLA liability At 1 January 3,513,813 3,680,354 Fair value changes charged to profit or loss 423,935 133,706 Repayment during the financial year (274,261) (300,247) At 31 December 3,663,487 3,513,813 Financial assets at fair value through other comprehensive income At 1 January 157,716 159,407 Additions 1,595 1,997 Fair value changes (26,006) (7,670) Currency translation differences 11,309 3,982 At 31 December 144,614 157,716 (d) Offsetting financial assets and financial liabilities There are no offsetting of financial assets and financial liabilities during the financial year for the Group and Company. 5 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS Estimates and judgements are continually evaluated by Directors and management and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Management has considered the impact of climate change, specifically on labour situation and El-Nino and La-Nina weather conditions together with their impact on the forecasted fresh fruit bunches yield during the preparation of the financial statements. Notes to the Financial Statements For the financial year ended 31 December 2024 69
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